Specialist- Credit Risk and IFRS9 Execution & Reporting

Job Purpose:

The overall responsibilities of this position are vital within Group Credit Risk team covering areas relating to PW & BB Portfolio including Group level provisioning under IFRS 9, Credit Risk Reporting, analysis and regulatory aspects such as Asset Quality, Impairment, provision adequacy & coverage, and credit portfolio monitoring & reporting. The role holder s primary responsibilities include:

• Undertake IFRS 9 staging and Provisioning review process as per Regulatory requirement and internal policy including international locations.
• Assist in reviewing inputs & variables used in the development of various Models. (Rating Models, IFRS9 related PD & LGD Models etc .
• Assist in analysis of Assets Quality, Impairment Charge, Coverage and COR by business segment for PW & BB Portfolio across FAB Group
• Assist in submission of detailed monthly dashboards and analysis reports
• Maintain Risk data base (PW & BB) for robust monitoring and Reporting of Credit Risk
• Asist in portfolio stress analysis related to PW & BB Portfolio.
• Work on specialized Project, budgets and forecast related to PW & BB Portfolio

Key Accountabilities:

Policies, Systems, Processes & Procedures

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
• Always demonstrate compliance to organization s values and ethics to support the establishment of a value drive culture within the bank.

Continuous Improvement

• Participate in the identification of opportunities for continuous improvement of the process. Collaborate within Risk and partner with Business, Credit, Finance, Relations and IT to improve/streamline the systems/processes.

Job Context:

Specific Accountability

PW & BB - Credit Risk:

• Assist in reviewing input data and coordinate with other stakeholders like PW & BB Credit, ERS team in development, rollout and maintenance of various models and scorecards etc
• Assist in Carry out thematic portfolio stress testing/scenario analysis by providing relevant data set.
• Support in annual budgeting and forecasting exercise of PW & BB portfolio.

IFRS 9 Execution and Reporting:

• Undertake IFRS 9 staging and ECL review process adherence to IFRS/local regulatory requirements/ internal policies and provide flash report to line manager
• Coordinate with overseas Risk team to conclude IFRS 9 run
• Maintain and follow-up on approval of the staging and ECL overrides as required under IFRS9 Imperilment policy.
• Provide support for the annual review and update of IFRS9 Impairment policy.
• Assist in identification of optimization opportunities within the portfolio through data correction and other initiatives.
• Follow up and provide support to close any pending points related IFRS 9 review to Steering Committee
• Oversight on monthly basis input data submission from Credit Department for IFRS 9 such as NPL, IIS and ECL to ensure that ECL Provision accurately reflect Group risk profile.
• Assist in preparation of IFRS9 related MIS / data/reports to be submitted internally and to regulatory authorities.

Early warning, thematic review, Credit Risk Appetite

• Provide support to carry out thematic review / Stress testing as required by Management by Providing required data set.
• Prepare Tier 2.5 demographics for risk appetite reporting & monitoring for PW & BB

Portfolio Management & Regulatory reporting: PW & BB /FAB

• Preparation of reports to monitor credit quality of the portfolio across PW & BB Portfolio.
• Assist in the development and maintenance of credit risk data base to ensure timely availability of data for analysis, forecasting and decision making.
• Assist the development of dashboards for the managed portfolio.
• Prepare Industry-wise exposure, ECL and collateral coverage for Credit Risk deck, Investor Relations, Rating Agencies, etc.
• Prepare Stage3 reporting and reconciliation on a monthly basis in coordination with Finance
• Prepare Tier 2.5 demographics for risk appetite reporting & monitoring for Consumer Banking
• Prepare reports for various Rating Agencies for further submission to Investor Relations
• Prepare Credit Risk related Pillar 3 disclosures for Industry and Geography breakdown
• Provide relevant risk information and analysis to support discussions with credit rating agencies / External Auditor /Central Bank etc
• Engage with IT and other relevant departments to streamline processes and improve efficiency across the bank.
• Provide support and data sets as required by Internal/ External/ CBUAE Auditor in their respective reviews.

RCSA , BCM, KRI and Operation Risk Management :

• Prepare BIA and BCP for Credit Risk in coordination with Business Continuity Management
• Prepare RCSA in coordination with Group Operational Risk Management.Qualifications

Minimum Qualification

• Bachelor s degree in accounting, statistics, economics or related discipline.
• Strong analytical skills with experience in analytics & portfolio data management
• Knowledge of advanced excel and power-point skills is a strong plus

Minimum Experience

• 2-4 years relevant experience